other material
confidence high
sentiment positive
materiality 0.75
Liberty Broadband shareholder approves Charter merger; GCI FY revenue up 4% to $1.016B
Liberty Broadband Corp
- Shareholders approved acquisition by Charter (0.236 Charter shares per LBRDA share); expected close June 30, 2027.
- GCI spin-off planned for summer 2025; fair value of Charter investment $15.5B at Dec 31, 2024.
- Received $205M from selling 541K Charter shares to Charter Nov-Jan; proceeds for debt service.
- GCI FY 2024 revenue $1.016B (+4%), operating income $144M, Adjusted OIBDA $362M (flat).
- No LBRDA/LBRDK buybacks Nov-Jan; $1.7B authorization restricted by merger agreement.